Trader turns ETH long position profitable with $2.29 million unrealized gain

According to Arkham, a trader identified as 0x0c5 holds a $29.6 million ETH long position on Hyperliquid with 20x leverage, opened three weeks ago at an entry price of $2,482.2. Despite a maximum floating loss of $1.6 million four days ago, the trader held the position. Following a 5.5% rise in ETH today, the position has turned profitable with an unrealized gain of approximately $2.29 million.